Unlocking Web3's Real-World Value: Emphasis on User Experience and Enduring Benefits
Summary:
During the "Proof of Talk 2024" conference, industry leaders including Arron Goolsbey from Mythical Games, Mickey Maher from Project Liberty Labs, and Ingo Ruebe from KILT Protocol discussed the emergence of Web3 technology. They underlined the importance of shifting from speculative assets to practical applications that boost user experience and provide enduring advantages. The panel advocated for leveraging the blockchain's potentials beyond its current utilization, comparing it to an underused iPhone. They emphasized focusing on delivering real-world value to end-users, particularly gamers, in their experiences within the evolving Web3 landscape.
In the emerging world of Web3 technology, there has been a rising emphasis on delivering real-world value to its users. Key players in the field are encouraging a shift from speculative assets to more practical solutions that enhance user experience and provide enduring benefits. At the Proof of Talk 2024 event in Paris, a session titled “Unlocking Real-World Value in Web3” featured speakers such as Arron Goolsbey, the president and COO of Mythical Games, Mickey Maher, the CBO of Project Liberty Labs, and Ingo Ruebe, the creator of KILT Protocol, who championed user-friendly, value-oriented applications. Both the panellists agreed that industries like gaming and social media are on the brink of transformation due to user-centric approach and blockchain technology usage. Their shared wisdom hinted at a promising future of Web3 and its ability to produce real-world value across varied sectors.
Goolsbey radiated optimism, stating that the opportunity for gaming to catalyze Web3's mass adoption is limitless, adding that it is an exciting time to be part of the industry. He stressed that there lies immense potential to generate real value for users through gaming and interactive entertainment. Conversely, Maher spoke about the lesser-used blockchain potentials. He drew attention to the growing trend of memecoin-centric dialogues and pointed out its niche aspect. The discussion then likened blockchain potentials to that of an iPhone, where the comprehensive use of the device has been vastly underutilized.
Drawing examples from applications like Uber and Instagram, due to their massive success in benefiting users, it was highlighted how these apps have significantly added value to user experience. Goolsbey emphasized shifting the focus from the technology to providing more value to end-users. In the gaming business, players are the end-users, and significant effort is placed to enhance their user-experience and pleasure derived from their playing experiences.
Considering the gaming industry, with almost two billion active gamers, Goolsbey elucidated how these experiences are mainly Web2 world experiences and consumption focused. He expressed the need to renovate this model using Web3 space and blockchain technology, transforming "I pay, I play" to "I pay, I play, I curate". With this, gamers can safely sell their game assets and experiences in what has been termed as an 'open garden'.
Published At
6/12/2024 3:07:36 PM
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